Sydney buyers looking to secure affordable property with the promise of strong capital growth should turn to Quakers Hill.
According to Australian Property Monitors, Quakers Hill is quickly becoming one of the best suburban prospects for capital growth in the Sydney area.
For investors, recent sales figures released by Laing+Simmons Quakers Hill have also shown four bedroom homes have sold for as low as $440,000, while the average cost of weekly rent ranges between $460-$470.
Laing+Simmons Quakers Hill principal Lyndell Pilkington said suburbs with properties in the low to median price range, such as Quakers Hill, present good long term investment opportunities to buyers.
“Rental prices are continuing to rise and the area is offering excellent investment opportunities with solid capital growth and high rental returns,” she said.
“The performance of these areas also dispels recent rumours that default rates are climbing amongst first home buyers, evidence of which has not been seen in the local market.”